Inphi (IPHI) PT Lowered to $38.00

Inphi (NYSE:IPHI) had its price target dropped by stock analysts at Stifel Nicolaus from $40.00 to $38.00 in a research report issued to clients and investors on Thursday, MarketBeat reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 55.04% from the stock’s current price.

IPHI has been the topic of several other reports. BidaskClub raised Inphi from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. DA Davidson began coverage on Inphi in a research note on Monday, October 16th. They issued a “neutral” rating and a $40.00 price target on the stock. Zacks Investment Research cut Inphi from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price target on shares of Inphi in a research note on Tuesday, November 14th. Finally, Rosenblatt Securities cut Inphi from a “buy” rating to a “neutral” rating and set a $46.00 price target on the stock. in a research note on Thursday, December 7th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $39.93.

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Inphi (NYSE IPHI) traded down $0.58 on Thursday, hitting $24.51. The stock had a trading volume of 2,466,346 shares, compared to its average volume of 1,426,267. The company has a quick ratio of 6.72, a current ratio of 7.20 and a debt-to-equity ratio of 1.02. Inphi has a 52-week low of $23.65 and a 52-week high of $51.78. The stock has a market capitalization of $1,042.51, a PE ratio of -13.77, a PEG ratio of 2.76 and a beta of 0.97.

In other Inphi news, Director Diosdado P. Banatao sold 17,000 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $40.34, for a total value of $685,780.00. Following the sale, the director now directly owns 6,542 shares of the company’s stock, valued at $263,904.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Charles Roach sold 28,000 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $40.27, for a total value of $1,127,560.00. Following the completion of the sale, the vice president now directly owns 93,947 shares in the company, valued at $3,783,245.69. The disclosure for this sale can be found here. Insiders sold 95,298 shares of company stock worth $3,836,117 over the last three months. Corporate insiders own 3.60% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Alexandria Capital LLC bought a new stake in Inphi in the fourth quarter worth $921,000. TCW Group Inc. boosted its holdings in Inphi by 51.3% in the fourth quarter. TCW Group Inc. now owns 673,410 shares of the semiconductor company’s stock worth $24,647,000 after acquiring an additional 228,371 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Inphi by 213.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,775 shares of the semiconductor company’s stock worth $211,000 after acquiring an additional 3,930 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Inphi by 9.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 34,591 shares of the semiconductor company’s stock worth $1,266,000 after acquiring an additional 2,870 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in Inphi by 240.3% in the fourth quarter. First Trust Advisors LP now owns 30,641 shares of the semiconductor company’s stock worth $1,121,000 after acquiring an additional 21,636 shares in the last quarter.

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Inphi Company Profile

Inphi Corporation is a provider of analog and mixed signal semiconductor solutions for the communications and datacenter markets. The Company’s solutions provide an interface between analog signals and digital information in systems, such as telecommunications transport systems, enterprise networking equipment and datacenters.